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Betting on Bitcoin

Bitcoin has been the topic of much media attention these last couple of years and people are lining up to bet on Bitcoin in many different ways. The first and most obvious way that people are betting on Bitcoin is through the BTC markets where you can bet on the price of bitcoin itself. In 2017 the price of Bitcoin rose from just under $1,000 at the start of the year to almost $20,000 at its peak price in December. Clearly 2017 was a good year to bet long on Bitcoin. 2018 has been a different story so far, however, as the price has since seen a steady decline down to the current levels of around $7,500 per BTC.

Bitcoin futures were introduced in December 2017 which created a new way for people to bet on Bitcoin. In the BTC futures market investors buy or sell futures contracts which is essentially the same thing as betting on the future price of Bitcoin. Before the futures market was introduced it was difficult for investors to bet against the price of Bitcoin or bet short. The futures market now makes it much easier to short Bitcoin and the price has seen a major pullback in the process.

Bitcoin gambling is another way that people are betting on Bitcoin. Bitcoin casinos are online casinos that allow gamblers to bet with BTC instead of fiat currencies. Some of the most notable Bitcoin casino sites are hybrid casinos that allow deposits and withdrawals in cryptocurrencies and fiat currencies. These hybrid casinos are likely to become the future of Bitcoin gambling and possibly even the future of the entire online gambling industry.

Casino gamblers looking for a Bitcoin casino to gamble with can find a guide to the best bitcoin gambling sites at the all new Gambling.site. This guide with bitcoin casino reviews lists popular gambling websites for betting at casinos with Bitcoin (BTC).

So if betting on BTC is something that you would like to do then you have many different ways to gamble with Bitcoin. Just remember that BTC is very volatile in its nature and bitcoin betting is not for the faint of heart.